Incentive packages give positive signals to the whole world, and even Sweden benefits from this opportunity since China imports machinery for the construction of new railways.

Hubert Fromlet, a professor at the Baltic Business School at the University of Kalmar, also believes that China's recovery gives support to the global recovery.

- China has had and will have a noticeable impact on the global recovery, this view I share with the World Bank and OECD. We must not forget that China has a relatively big market today, and if China is able to achieve a growth of 8 percent next year it will affect the Asian-European and Swedish market, said Hubert Fromlet.

China's President Hu Jintao said on April 1st that the measures the Chinese government has taken to stimulate the economy showed incipient results. He also said that he was convinced that the country could maintain a stable and high growth.

China's real GDP is expected by the OECD to grow by 7.75 percent this year and 9.25 percent in 2010.

There is already evidence that China will be first out of the financial crisis. China did not have serious financial problems when the mortgage crisis began, but was nevertheless affected by reduced exports.

                                                                                    Cecilia Helland